Vestavia Hills cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Vestavia Hills, AL cost of living index. The overall cost of living index in Vestavia Hills, AL is 114, which is 28% higher than the Alabama average and 14% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Vestavia Hills, AL are 5% lower than the Alabama average and 8% lower than the national average.

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How would you rate the cost of living in Vestavia Hills?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in Vestavia Hills?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Prices are increasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Did you know?

The cost of living in Vestavia Hills is 28% higher than the Alabama average.

The cost of living in Vestavia Hills is 14% higher than the national average.

The cost of housing in Vestavia Hills is 63% higher than the national average.

Compare Vestavia Hills, AL Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

Use the salary calculator to compare your current income in Vestavia Hills, AL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Vestavia Hills, AL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Vestavia Hills, AL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$115,000

$9,583

$2,683

$3,450

Renters

$42,073

$3,506

$982

$1,262

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Vestavia Hills, AL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Vestavia Hills, AL homeowners have a median income of $115,000. Using that number, you will come up with a maximum of $2,683 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $42,073, which means there is a maximum of $982 to be spent on the costs of renting a home or apartment.

Alabama Sales Tax

State

General Sales Tax

With Max Surtax

Alabama

4%

13.5%

Alabama Income Tax

State

Income Tax (Low)

Income Tax (High)

Alabama

2%

5%

When you are determining the total cost of living in Vestavia Hills, AL you will want to make sure you consider both the Alabama sales tax and the Alabama income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Alabama is 4%, with the highest surtax being 13.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Alabama have a range from 2% to 5%.

Goods & Services

Item

Vestavia Hills

National avg.

Difference

Haircut

$15.33

$16.09

4.7%

Beauty Salon

$34.18

$37.33

8.4%

Toothpaste

$3.52

$2.45

43.7%

Shampoo

$0.84

$1.00

16.0%

Movie

$10.49

$10.28

2.1%

Bowling

$5.28

$4.93

7.1%

Groceries

Item

Vestavia Hills

National avg.

Difference

Ground Beef

$4.01

$3.80

5.4%

Fried Chicken

$1.26

$1.40

9.6%

Milk

$2.26

$2.01

12.4%

Potatoes

$5.16

$3.01

71.4%

Pizza

$8.49

$9.89

14.1%

Beer

$8.14

$8.90

8.6%

Health Care

Item

Vestavia Hills

National avg.

Difference

Optometrist

$116.33

$102.16

13.9%

Doctor

$86.11

$108.36

20.5%

Dentist

$71.22

$92.53

23.0%

Ibuprofen

$5.96

$9.28

35.8%

Lipitor

$432.03

$425.82

1.5%

Housing

Item

Vestavia Hills

National avg.

Difference

Home Price

$346,600.00

$184,700.00

87.7%

Avg. Mortgage Payment

$972.83

$1,202.44

19.1%

Apartment Rent

$1,005.00

$949.00

5.9%

Transportation

Item

Vestavia Hills

National avg.

Difference

Gasoline

$2.01

$2.24

10.3%

Tire Balancing

$43.49

$46.29

6.1%

Utilities

Item

Vestavia Hills

National avg.

Difference

All Electricity

$190.76

$165.96

14.9%

Phone

$24.33

$28.68

15.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.